This week's MonsterMortgage.ca video blog addresses the age old debate between the Fixed Rate Mortgage and the Variable Rate Mortgage. In late 2011, banks started to sharply decrease their offerings on the Variable Rate Discount, making the variable rate less attractive.
The Mix N' Fix plan looks to take some of the advantages of the variable rate mortgage and pairs them with the predictability of the fixed rate mortgage plan. The Mix N' Fix mortgage plan produces a "Reality Gap" which indicates the advantage between your typical Fixed Rate Mortgage and the advantageous Mix N' Fix plan.
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